Wholesale Banking Auditor

To support Group Audit in providing assurance to Senior Management and the Audit Committee on the adequacy and effectiveness of internal controls primarily related to all aspects of the Wholesale Banking business.

Job Purpose:

Delivery of audit assignments in line with the annual plan and scope

Providing ongoing risk assessment and input to the annual audit plan

Managing relationships within the organization or external parties

Adhering and contributing to the Audit methodology and supporting tools

Dimensions of role (i.e. budgets managed, number of staff):

Financial (Revenue, Expenses, Budgets etc.)

Group Audit is a cost center. The Internal Auditor (any role) is primarily responsible for ensuring that audit expenses incurred adhere to internal policies and are kept within authorized budgets.

Non-Financial (size of team, geographical coverage, time horizon of main decisions, etc.)

Monitor business activity to identify any changes in risk profiles or deterioration in control environment and updating audit risk assessment and plans to align with emerging risks/control issues – these can be achieved through activities such as regular meetings with group and local heads of wholesale banking and credit;

Keep abreast of new laws, regulations, rules, group and local policies, products, technologies and projects and consider implications specifically wholesale banking and credit.

2. Maintain the Audit Universe

Maintain and update a structured inventory of auditable entities for wholesale banking and credit, representing the total population of local divisions, functions, products and client coverage, including Islamic Banking.

3. Develop the Annual Audit Plan

Support the development of the Annual Audit Plan for wholesale banking and credit based on risk assessment taking into account business monitoring activities and specific requests from Management.

4. Deliver the Annual Audit Plan

Perform audit assignments in line with the approved Annual Audit Plan, on time and within budget. The primary focus will be on coverage of wholesale banking and credit

5. Adhere to audit standards and requirements

Adhere to Group Audit and international standards and requirements related to code of ethics, principles, staffing, methodology and the quality of work papers, deliverables and reporting.

6. Manage relationship with key stakeholders

Maintain an appropriate, pro-active, constructive and balanced relationship with local Management; supporting Group Audit in the fulfillment of obligations and responsibilities in respect of governance, risk management and internal controls.

7. Maintain the local Corrective Action Tracking process

Support the Audit Head of Wholesale Banking and Credit with pro-active and effective tracking / monitoring of progress achieved with the implementation of agreed corrective action plans related to audit reports published.

8. Manage self-career development

Pursue continuous development of knowledge, skills, experience and professional certifications to support Internal Audit responsibilities. Seek coaching and mentoring with more senior colleagues whenever required for career development and achieving greater responsibilities in future.

Risk, Compliance & Business Continuity:

At all times, act with due care, skill and diligence to ensure compliance with Bank’s risk culture, policies and procedures, Code of Conduct and Values.

Ensure a climate of openness, transparency and accountability for compliance with external regulations and internal risk policies and procedures, where issues are raised and escalated, as appropriate and required, in a timely manner.

Ensure that stakeholders and reports are educated on risk and compliance matters, and that all employees in reporting line complete mandatory training to schedule.

Ensure that policies and procedures for your area(s) of responsibility are clearly documented, stored in an accessible manner, and kept up to date.

Participate in exercises to rehearse the banks response to an emergency situation (i.e. evacuation exercises and Business Continuity tests)

Job Context (Circumstances & environment surrounding the job):

Group Audit (GA) consists of a Bahrain-based team plus local Group Audit teams based in overseas units of The Bank. GA is responsible for providing independent assurance on the adequacy and effectiveness of Bank’s internal controls to the Executive Management and the Board of The Bank (via the Audit Committee). This is achieved by completing Audit assignments according to a risk-based Annual Audit Plan. The findings of the Audit assignments are included within published Audit Reports which contain findings requiring management to undertake corrective actions to address any control weaknesses identified. Reports and issues are also presented to the Audit Committee of the Board of the Bank on a quarterly basis.

Given the nature of GA’s role within the business, the job holder is expected to uphold the highest standards of integrity and confidentiality at all times. The volume, importance and confidentiality of the material with which the job holder will deal with will require a strong sense of discretion and the ability to organize and present material in a cogent way.

Group Audit staffs liaise with individuals at all levels within the organization, including Executive Management and Board members. The job holder will be required to conduct all interactions with courtesy, respect and professionalism.